Number represents slight drop compared to 2011,according to ONS figures that were released to demonstrate how borrowers will cope with interest rate hikes More than 1.1m UK households were sitting on mortgage debts worth more than 4.5 times their income in 2013, although the number has fallen in recent years, or according to official figures. The Office for National Statistics (ONS) released the figures as it looked at how potentially exposed mortgage borrowers could be to any hike in interest rates. Continue reading...
Source: theguardian.com